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Tenaga Nasional Berhad (OTCMKTS:TNABY) Trading Down 7.4% - Should You Sell?

Tenaga Nasional Berhad logo with Utilities background

Tenaga Nasional Berhad (OTCMKTS:TNABY - Get Free Report)'s share price dropped 7.4% during mid-day trading on Friday . The stock traded as low as $12.00 and last traded at $12.00. Approximately 700 shares changed hands during trading, a decline of 30% from the average daily volume of 1,003 shares. The stock had previously closed at $12.96.

Tenaga Nasional Berhad Stock Down 7.4 %

The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 28.17 and a beta of -0.14. The business's 50-day moving average is $13.46 and its 200-day moving average is $12.70.

Tenaga Nasional Berhad Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were paid a $0.2045 dividend. The ex-dividend date of this dividend was Monday, September 30th.

About Tenaga Nasional Berhad

(Get Free Report)

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally. The company operates and maintains thermal generation facilities and hydroelectric power generating schemes; and manages and operates the National Grid that is connected to Thailand's transmission system, as well as Singapore's transmission system at Senoko.

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